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Feature Article

Suez: The Turnaround Continues

By Roger S. Conrad on May. 8, 2019

Portfolio high grading in good times will prevent portfolio-wrecking losses when the macro picture worsens. We’ve had Aggressive Holding Suez (Paris: SEV, OTC: SZEVY) on a very short leash the past few months. Now, thanks to strong first quarter numbers and guidance, it’s again a buy.

Seeking Value in a Pricey Market

By Roger S. Conrad on May. 8, 2019

After a blazing first quarter 2019, shares of best in class utilities and essential services companies have largely stalled over the past month. Not only is the Dow Jones Utility Average within a point of where it was when the April issue went to post. But all month long, it never strayed more than a couple percentage points in either direction.

Algonquin Power & Utilities: Adding a Fourth Growth Driver

By Roger S. Conrad on May. 8, 2019

Conservative Holding Algonquin Power & Utilities (TSX: AQN, NYSE: AQN) has roughly $5 billion in market capitalization. It’s sparsely represented in indexes and individual investors hold nearly half the float. The result is few US-based analysts cover the stock, despite the fact that US operations generated 95 percent of the company’s 2018 revenue.

Telecom Dividends in Danger

By Roger S. Conrad on May. 8, 2019

Until last month, Consolidated Communications (NSDQ: CNSL) was an anomaly in the wireline telecom business: The only company in the sector that had not cut its dividend at least once, dating back to the July 2005 initial public offering.

But starting this summer, Consolidated will pay no dividend, using the savings to pay off debt. I highlight the details in the April 29 Income Insights “Comcast’s Big Gains are its Smaller Rivals’ Pain".

Another Crack at Global Utilities

By Roger S. Conrad on May. 8, 2019

Last September, I highlighted opportunities resulting from what was then a great deal of turbulence in emerging markets. By December, the selloff had finally caught up to the US market. For the highest quality global utilities like Enel SpA (Italy: ENEL, OTC: ENLAY), however, the bottom had been in since October. As a result, they were havens during the worst of the selling and went on to rally strongly in the first quarter.

Riding the Electric Utility Renaissance

By Roger S. Conrad on Apr. 8, 2019

Over four decades from the mid-1960s through the mid 2000s, US electricity demand more than quadrupled. Since the Financial Crisis of 2008, however, consumption has basically flat-lined.

Brookfield Renewable: Another Coup for Conservative Growth

By Roger S. Conrad on Apr. 8, 2019

There’s no faster way to grow a business than by making acquisitions. The trick few master is finding deals with upside from simply following core competencies, and made at the right price. But neither has been a problem for Conservative Holding Brookfield Renewable Energy Partners (TSX: BEP-U, NYSE: BEP).

Suburban Propane Partners: 10% Yield with Takeover Potential

By Roger S. Conrad on Apr. 8, 2019

When it comes to MLP distribution cuts, lightening often has struck several times in the same place. So it’s no wonder investors have been skeptical about Suburban Propane Partners’ (NYSE SPH) 10 percent plus distribution, since management took the hard step of a -32.4 percent reduction in late 2017.

After a Hot Start, Stay Cool

By Roger S. Conrad on Apr. 8, 2019

It’s been decades since utility stocks started a year this fast. But while the Dow Jones Utility Average’s 10 percent plus first quarter return is certainly preferable to what we saw last year, we suspect that staying cool after 2019’s hot start will prove critical as the rest of the year unfolds.

Two Dividend Cuts, Three EDL Exits

By Roger S. Conrad on Apr. 8, 2019

Three companies exit the Endangered Dividends List this month: propane distributor Amerigas Partners (NYSE: APU), telecom equipment REIT Uniti Group (NSDQ: UNIT) and closed-end fund Kayne Anderson MLP/Midstream (NYSE: KYN).

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ABOUT ROGER CONRAD

Roger S. Conrad needs no introduction to individual and professional investors, many of whom have profited from his decades of experience uncovering the best dividend-paying stocks for accumulating sustainable wealth. Roger b